Loan Officer
Location: US, NJ, Trenton
Department: Lending
Salary range: 40000-50000
Employment type: Full-time
Required experience: Not Applicable
Required education: Unspecified
Industry: Financial Services
Function: Sales

Company profile:
The Intersect Fund is a nonprofit organization that empowers entrepreneurs to build strong businesses so they can generate income, build assets, and spark dramatic social change in their communities.We have offices in Newark, NJ, New Brunswick, NJ, and San Francisco, CA.

Job description:
Position Summary:The Intersect Fund is seeking a qualified Microfinance Loan Officer that will work independently to perform outside sales, build excellent customer relationships and generate qualified loan applications to meet or exceed monthly sales quotas for business loans up to $25,000. Qualified candidates will have demonstrated the ability for sales to small business, covering a geographic territory, establishing a presence within a community to generate referrals, and sourcing leads that meet The Intersect Fund’s lending criteria and mission. The Intersect Fund’s target market is focused on informal cash‐based businesses with no credit and limited documentation who are unable to obtain business financing elsewhere.This position reports to the Vice President of the Lending Team and works closely with the lending team to meet loan and portfolio management metrics and team objectives related to impact, portfolio quality, and strong team dynamic.Key Responsibilities:Work independently in the field in target neighborhoods to build alliances and referral base among small businesses, business associations, community partners and participating in community eventsMeet with small businesses at their place of business to generate qualified loan applications that meet lending criteria and The Intersect Fund’s missionEfficiently process complete application packages, including screening packages against product guidelines and required documents, entering and processing loans in system, gathering all required documents, and closing out applications (approvals or declines) within target timeframeProvide technical assistance to business owners after a review of loan application, tax returns, bank statements, references, credit report, employment and income verification, and collateralMake decisive loan recommendations and clearly articulate and make a compelling case for loan decision to appropriate approval authoritiesMonitor and collect on portfolio of loans within defined territory, including visiting clients regularlyProvide excellent customer service and fast turn‐around time to build client trust and The Intersect Fund’s brand and reputation

Requirements:
The ideal candidate possesses the following qualities:Fluent in Spanish5+ years experience living or working in a New Jersey urban centerDemonstrated ability to meet or exceed monthly goalsDemonstrated self‐starter who goes beyond job description to make sure goals are achievedStrong analytical, math and auditing skills with willingness to use qualitative and quantitative data in decision‐makingCollections experience preferredWorking knowledge of Excel required, and desire/ability to learn other software programs to manage loan portfolioVehicle and ability to travel around the Central NJ area on a daily basisAbility to thrive in an entrepreneurial, team‐oriented, mission‐driven environmentDemonstrated interest in the mission and values of The Intersect Fund This is an outside sales position and will require daily local travel to visit clients, a valid driver’s license and vehicle insurance

Benefits:
Base salary and comission up to $50,000 in first year, depending on experienceHealth insurance (we pay 100% of employee premium)403(b) retirement savings plan with a generous employer matchA flexible spending accountYou will be issued an iPhone (with unlimited minutes and texting), Apple laptop, and portable scanner for business useA corporate credit card for business expenses